secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001558370-23-000981
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kyndryl Q3 revenue $4.3B, net loss $106M; raises FY revenue outlook
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- Revenue $4.3B, down 6% YoY but up 3% constant currency; net loss $106M ($0.47/diluted), improved from $731M loss a year ago.
- Adjusted pretax loss of $4M; adjusted EBITDA $580M, down from $679M pro forma, hurt by ~$125M in currency headwinds.
- Cloud hyperscaler signings total ~$750M in 9 months, on track for $1B target; 31,900 hyperscaler certifications (+98% YoY).
- Raised FY 2023 revenue outlook to $16.8-17.0B; reaffirmed adjusted EBITDA margin of 11-12% and adjusted pretax margin of (2%)-(1%).
- Operating cash flow $769M and adjusted free cash flow $407M in the 9 months; continued progress on 3-A initiatives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000155837023000981/0001558370-23-000981-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000155837023000981/kd-20230207x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000981

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